Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durables fell 0.8 percent (nonannualized rate) in September, following a 0.1 percent decline in August. The 12-month growth rate also dropped in September, falling from a slightly revised 12.4 percent to just 4.9 percent, hitting its lowest mark since December 2009. Excluding transportation, new orders grew 1.7 percent in September after August's numbers were revised down to a 0.4 percent loss. New orders excluding transportation are now up 8.1 percent over the past year. An important signal of future equipment and software investment—new orders of nondefense capital goods excluding aircraft—rose 2.4 percent, following a downwardly revised (but still positive) 0.5 percent increase in August. After September's data and revisions, the 12-month growth rate in the series remained at 8.6 percent. Shipments of durables fell 0.7 percent in September, but the drop was somewhat offset by an upwardly revised August (0.1 percent). Durables shipments are up 7.3 percent on a year-over-year basis. Durables shipments excluding transportation equipment fell 0.1 percent during the month but are still up 9.3 percent over the past year. Durables inventories added to recent gains, climbing another 0.1 percent.